My point is, yes, in theory the cost could be similar to a single family home, common areas maintained, but if you are not involved in how the community is run, you can learn the hard way that other people on the board may be looking out for their own interests, want to save money at the cost of how the community is maintained, or could simply not have keen business sense in order to run the community like a business.

Agents have to work their butts off, for a lousy 3% commission, and they have to pay for almost everything involving them being an agent out of their own pocket. 

I was wondering if anyone was able to pull equity from multiple properties all at once?  

The parties involved have extremely limited financial resources and are looking to do it themselves.Thanks in advance,Grace

Given the shift in education's environment (especially in my state) I recognize now the importance of multiple streams of revenue and financial independence.

I wanted to get involved with buying and renting out houses.

Scenario 1: Buy multiple cash flowing properties in the Midwest and keep renting in NYC- Earn 15% cash-on-cash return per year = $30k per year x 10 years = 300k profit - Very modest appreciation (let's say 100k to be generous) - Total profit = 300k + 100k = 400k (I'm being very generous here)- Keep in mind if you sell the homes at the end of the 10 years all your profit is taxable since you don't live in the properties.

But compared to New York, I'd say much better on multiple fronts

thanks Ricardo. i started looking into list source and found it a bit complex once i seen all the demographics involved (just like anything else when starting), any advice you can share would be appreciated . thanks in advance 

I have 5 flips currently in the 40 - 60k + 10 to 20k rehab where the numbers are fantastic and am curious if anyone out there knows of a lender willing to do multiple smaller properties at once in a blanket loan or is able to fund flips at the 50k price point?